THAILAND. Lotte Duty Free has confirmed to The Moodie Davitt Report that it has joined forces with Bangkok Airways to bid for the duty free concession at Suvarnabhumi Airport, Bangkok and another duty free contract covering Chiang Mai, Hat Yai and Phuket airports.
As reported, the story was first broken by the Bangkok Post last week.
“We can confirm that we are in the process of consultation with the company [Bangkok Airways] before forming a consortium to participate in the bid,” a Lotte Duty Free spokesman told The Moodie Davitt Report on Friday.
Incumbent King Power International’s master concession contract at Suvarnabhumi (which includes duty free) is set to expire in 2020.
As reported, Airport operator Airport of Thailand is this time offering a single duty free concession for the key Suvarnabhumi Airport business (plus separate contracts for the gateway’s duty free pick-up counters and non-duty free commercial activity, including food & beverage, services and foreign exchange), plus the contact covering the other airports.
Lotte Duty Free has a small existing business in Thailand. It opened what it described as the first phase of a new downtown store in Bangkok’s spectacular new Show DC complex in June 2017. However, it has been unable to sell duty free due to the lack of pick-up rights at Suvarnabhumi and Don Mueang airports.